{"id":24643,"date":"2013-07-13T04:00:31","date_gmt":"2013-07-12T18:00:31","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=24643"},"modified":"2013-07-13T04:00:31","modified_gmt":"2013-07-12T18:00:31","slug":"saturday-quiz-july-13-2013","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=24643","title":{"rendered":"Saturday Quiz &#8211; July 13, 2013"},"content":{"rendered":"<p>\t\t\t\tWelcome to the <strong>Billy Blog Saturday Quiz<\/strong>. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #225<\/h4><ul>\n<li>1. A national government which runs a balanced budget over the economic cycle (peak to peak) will ensure that households and firms overall spend more than they earn - that is, run down previous savings or accumulate more net debt, once all the national spending and income adjustments are exhausted.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. Modern Monetary Theory (MMT) teaches us that a sovereign government does not have to issue debt to finance its spending. But the more public debt it voluntarily issues the greater is non-government wealth held in the form of public debt.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. A basic idea in Modern Monetary Theory (MMT) is that excessive real wage demands by workers can cause mass unemployment. <\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 225 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=24645\">here<\/a><\/p>\n\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-24643","post","type-post","status-publish","format-standard","hentry","category-saturday-quiz","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/24643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24643"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/24643\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}